Business

China Development Bank, one of the country's policy banks, will provide 550 billion yuan (about 77.46 billion U.S.Of the total financing amount, 520 billion yuan will be loans denominated in yuan and foreign currencies, the bank said.

South Korean prosecutors on Thursday sought an arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong, an heir apparent of Samsung Group, over accounting fraud, according to local media reports.

China has been speeding up the resumption of major railway construction with a total of 115 under-construction projects nationwide having fully resumed work, the China State Railway (CSR) Group Co., Ltd. said.

A private survey showed Wednesday that the business activity of the Hong Kong Special Administrative Region dropped less in May as the COVID-19 epidemic abated and related social distancing measures eased.

Premier Li Keqiang has called for heightened measures to reduce the financing costs of smaller businesses with steps to raise their lines of credit and allow them to use intellectual property rights as collateral to obtain loans.

President Xi Jinping underlined the importance of high quality and high standards in building a free trade port in Hainan province while prioritizing integrated institutional reform in the process of building the port.

Many U.S. brands and retailers have been hit hard by closings mandated by stay-at-home orders and social distancing measures that started in mid-March due to the COVID-19 pandemic. But even as some are gradually reopening, experts see a slow recovery.

AliExpress, a global online retail marketplace and part of Alibaba Group, announced on Thursday that it will empower over 100,000 content creators and influencers worldwide to bring new jobs and help them generate incomes to recover from the global economic downturn caused by COVID-19.

Shanghai-based Trip.com Group Limited, a leading online travel agency in China, reported 1.5 billion yuan (about 211 million U.S. dollars) loss from operations in the first quarter of this year due to the impact of COVID-19.

Such an initiative can facilitate a win-win result for economic revival and long-term, high-quality green development, said Wang Yi, a member of the NPC Standing Committee and the NPC Committee of Environmental Protection and Resources Conservation.

The National Exhibition and Convention Center (Shanghai), host venue for the China International Import Expo in Shanghai.He noted that 80 percent of the exhibitions slated for the first half of the year will be moved to July and August.

People are seen at their desks at the headquarters of Chinese online group discounter Pinduoduo in Shanghai, on July 25, 2018.The fortune of top 25 billionaires increased $255 billion from two months ago when the US stock market hit the bottom on March 23 due to the COVID-19 pandemic, business magazine Forbes said.

Huawei Technologies Co expressed disappointment over a Canadian court's ruling over its chief financial officer Meng Wanzhou, and the company said it will continue to stand with Meng in her pursuit of justice and freedom.